Long Term Buy Boohoo Group (BOO) by Gary Newman in ShareProphets
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Performance
-59.59%
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Price at start
82.00p
(ask)
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Current price
33.14p
(bid)
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Tip made
25/02/2022
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Tip Status
Open
Icon Key:
Tip Notes
"...There is of course risk involved with buying now whilst the share price is in a downwards trend and it could well get even cheaper in the short term, but if you are looking at this company as a recovery play as opposed to just trying to day trade it, then longer term I see the current share price level as offering enough upside potential to make it worthwhile buying, even if you don’t see a quick turnaround from here and have to be patient. It is the sort of share that could easily do 100-200% from here over a longer period of time if the current issues ease and it is able to capitalise on its sales growth and achieve the future margins it is targeting." - Gary Newman, ShareProphets
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